Randy Garutti of Shake Shack discusses the company's "aggressive international" growth strategy, the impact of the U.S.-China trade war and how digital disruption has changed the way consumers access the brand.
CHICAGO, Nov 20- Campbell Soup Co on Tuesday reported a smaller-than-expected decline in quarterly earnings, boosting shares of the soup maker a week before its proxy showdown with hedge fund Third Point LLC. Net earnings attributable to the company fell to $194 million, or 64 cents per share, in the first quarter ended Oct. 28, from $275 million, or 91 cents, a year...
CHICAGO, Nov 20- Campbell Soup Co on Tuesday reported a smaller-than-expected decline in quarterly earnings, sending shares of the embattled soup maker up 4 percent in premarket trading. Campbell, which has struggled for years to attract young consumers to its namesake soups and Pepperidge Farm cookies, launched a dramatic cost-cutting and divestment plan...
CHICAGO, Nov 20- Campbell Soup Co on Tuesday reported a smaller-than-expected decline in quarterly earnings, sending shares of the embattled soup maker up 5.4 percent in premarket trading. Net earnings attributable to the company fell to $194 million, or 64 cents per share, in the first quarter ended Oct. 28, from $275 million, or 91 cents per share, a year earlier.
The Pentagon sends 74,036 pounds of beef, 7,836 gallons of eggnog, and 81,360 pies to American troops ahead of Thanksgiving.
The move comes weeks after Republican Senator Chuck Grassley of Iowa, one of the country's biggest farm states and the biggest hog-producing state, slammed Smithfield for receiving what he said was aid from the USDA that was meant to help American farmers hurt by China's trade tariffs. USDA has agreed to the termination, " Tim Murtaugh, a spokesman for the USDA,...
NEW YORK, Nov 14- Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb's hedge fund to make changes at Campbell Soup Co, including replacing some board members. ISS recommended that investors elect all five of Loeb's Third Point LLC board nominees, giving a boost to the activist firm, which is fighting a high...
*China delivers written response to U.S. on trade war demands. SHANGHAI, Nov 15- China shares jumped on Thursday after Beijing delivered a written response to U.S. trade demands, raising hopes for new negotiations between the countries, and as financial and securities companies benefited from policy support for markets. **But a Reuters analysis of the earnings of...
NEW YORK, Nov 14- Billionaire investor William Ackman has turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and hotel operator Hilton Worldwide Holdings. Ackman's hedge fund, Pershing Square Capital Management, sold out of Mondelez International during...
Nov 14- The Mexican and Chilean pesos rose against a steady dollar on Wednesday, while Brazil's real firmed slightly, recovering from earlier losses. Disappointment that pension reforms in Brazil may not be passed this year has kept the real under pressure since the beginning of the week, when President-elect Jair Bolsonaro broke the news.
SAO PAULO, Nov 13- Brazil- based food company JBS SA on Tuesday posted a third-quarter net loss of 133.5 million reais, narrower than expected, on the back of a strong performance by its Seara processed foods and Brazil beef divisions. Seara booked net sales of 4.9 billion reais, a 9 percent rise from a year earlier, as a result of higher sales prices both domestically...
SAO PAULO, Nov 13- Brazil- based food company JBS SA on Tuesday said it recorded a net loss of 133.5 million reais in the third quarter, narrower than expected by an IBES forecast from Refinitiv.
CHICAGO, Nov 13- Americans are losing their taste for chicken and eating more beef and pork as President Donald Trump's trade wars reduce U.S. pork exports to China and Mexico and leave cheaper bacon and ribs at home. The shift is hurting chicken producers, such as Tyson Foods Inc and Sanderson Farms Inc, said Bill Roenigk, an agricultural economist and consultant...
*ECJ says difficult to identify taste with precision, objectivity. BRUSSELS, Nov 13- Europe's top court dealt the food industry a blow on Tuesday as it dismissed an attempt by a Dutch cheese maker to copyright its cream cheese, saying that the taste of a food product does not qualify for copyright protection. The Dutch court subsequently sought guidance from the...
Jim Cramer speaks with Starbucks CEO Kevin Johnson, who says that his coffee giant's business in China has been built "in China, for China."
Jim Cramer speaks with Starbucks CEO Kevin Johnson, who says that his coffee giant's business in China has been built "in China, for China."
Jim Cramer speaks with Starbucks CEO Kevin Johnson, who says that his coffee giant's business in China has been built "in China, for China."
Nov 12- Kellogg Co said on Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, as it sharpens focus on its core businesses. "We need to make strategic choices about our business and these brands have had difficulty competing for resources and...
Nov 12- Kellogg Co said on Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, to sharpen focus on its core businesses. Kellogg said it would be restructuring its North America business beginning next year. The company said it would consolidate...
The company said retail industry veteran Pierre Laubies would replace Camillo Pane as its chief executive officer, its fourth CEO in as many years. Coty Chairman Bart Becht is also ceding the role to fellow director Peter Harf, but will stay on the board. Last week, the company said supply chain problems from a trucker strike in Brazil, hurricanes in the United...
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